Gold prices rise for 3rd straight week, hit 3-month high. Can bullion reclaim $5,500 peak?
- Posted on August 22, 2026
- By Business News Today
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- 1 min read
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Gold prices rise for 3rd straight week, hit 3-month high. Can bullion reclaim $5,500 peak?
Gold rose 5% this week to nearly $4,603, marking its third consecutive weekly gain, supported by a weaker US dollar, Treasury bond buybacks and expectations of stable Fed rates. Analysts see long-term potential amid central-bank demand and currency concerns, though the World Gold Council expects near-term prices to remain rangebound.
